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Sterling continues losing streak after UK labour data on Wednesday

Note: This section contains information in English only.
Source: WBP Online
Latest United Kingdom's labour data published on Wednesday did not change GBP/USD currency pair's downfall. Jobless rate in UK stayed 5.1% in March and jobless claims number improved from 14,700 to negative 2,400. In addition, average weekly wages in March increased a little bit better, by 2% instead of 1.9% in February.
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19 May 2016

GBP/USD struggles to reclaim 1.46

The share of purchase orders edged up from 45 to 66% Bears now take up 53% of the market The main resistance is at 1.4597 Support is around 1.4485, represented by 20-day SMA and the weekly R1 64% of traders reckon GBP/USD will be at 1.46 or lower in three months Upcoming events: UK Retail Sales, US Philadelphia Fed Manufacturing Index, US Jobless

18 May 2016

GBP/USD on the edge of falling back under 1.44

The number of orders to sell the British currency declined from 71 to 55% 52% of traders are long the Sterling The main resistance is around 1.4482 Support is around 1.4420, represented by the weekly and the monthly PPs 65% of traders reckon GBP/USD will be at 1.46 or lower in three months Upcoming events: UK Average Earnings Index, UK Claimant Count Change,

17 May 2016

Community Forecasts for May 16 - 20: GBP/USD 1W Chart

[ANNOUNCE]The cable posted same movement as its counterpart EUR/USD since similar tendency was developing over the last week.[/ANNOUNCE] Volatility has been minimal for the first part of the week and even the latest UK manufacturing data failed to change the mood of the instrument. Meanwhile, the UK manufacturing production for March slipped to -1.9% year-on-year, but accelerated from -0.9% to